A piezoelectric transformer includes a substrate of piezoelectric material, preferably a single crystal of LiNbO.sub.3. The substrate is uniformly polarized in a selected direction thereof and vibrated in a direction of the length thereof. An input voltage is applied across both sides of a portion of the substrate in a direction of the thickness thereof and thus excites a vibration by way of piezoelectric effect. Thereby another voltage is caused in the direction of the thickness of the substrate in a portion other than the portion to which the input voltage is applied, and taken out as an output voltage. As a result, it is possible to decrease the output impedance to obtain a large load current and thus fully heighten a step-up ratio of the piezoelectric transformer.